Need serious help with My Cash Now!

Date: Thu, 10/07/2010 - 17:27

Submitted by anonymous
on Thu, 10/07/2010 - 17:27

Posts: 202330 Credits: [Donate]

Total Replies: 1

My husband did a payday loan in January with MyCashNow. He renewed it three times, and when the fourth time came, he was in the hospital, and I totally forgot to make sure the funds were in his account. I did not go online to renew, so they tried to take over seven hundred dollars out in three parts. $250 did clear. About a month later, I made a $250 payment to Credit Protection Depot, and then, with all of the medical bills, was not able to send Credit Protection Depot the second amount they wanted. In September, a collection agency in Florida started calling every reference my husband had listed! I was so embarrassed and I quickly paid them an additional $210. Having made a payment to three different places, I checked to make sure everything showed clear. The last place says they show the account paid in full. However, MyCashNow still shows my husband owes money, and Credit Protection Depot says they have no record of my husband at all! I realize now that My Cash Now is not legal in Texas, should I worry without a PIF letter though? Credit Protection Depot, where we made the second payment, seems to be the place reporting unpaid, even though they transferrred it to yet another company. What should I do? Don't want this to come back and haunt us.

Hang on, someone else will be along to give you some help. In t

Hang on, someone else will be along to give you some help. In the meantime, how much was the original amount of the loan and how much did you or your husband pay back on that loan? If MyCashNow is indeed illegal in your State, you're only morally obligated to pay the original amt. borrowed. And how did you pay Credit Protection Depot, by check, money order, or? If you used either of those methods, you should be able to get a copy of the cancelled check or trace the money order to see who cashed it. I did a search on Credit Protection Depot and unfortunately it looks like they're a bogus company who gets information on PDL's and tries to get money out of people, using their personal information. Perhaps someone else here can offer some help?

lrhall41

Submitted by on Fri, 10/08/2010 - 10:02

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